Bright Futures Wealth Management LLC. Acquires Shares of 54,305 First Trust Preferred Securities and Income ETF $FPE

Bright Futures Wealth Management LLC. bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, Holdings Channel.com reports. The fund bought 54,305 shares of the company’s stock, valued at approximately $991,000.

Other hedge funds have also bought and sold shares of the company. Cozad Asset Management Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 4.9% in the third quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock valued at $226,000 after buying an additional 585 shares in the last quarter. Visionary Wealth Advisors boosted its stake in First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after purchasing an additional 634 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1.0% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock worth $1,106,000 after purchasing an additional 636 shares in the last quarter. Synovus Financial Corp raised its stake in shares of First Trust Preferred Securities and Income ETF by 0.8% in the third quarter. Synovus Financial Corp now owns 82,444 shares of the company’s stock worth $1,504,000 after purchasing an additional 648 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 0.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock worth $1,580,000 after purchasing an additional 653 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.3%

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.31 on Monday. The stock has a fifty day simple moving average of $18.32 and a 200 day simple moving average of $18.28. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.0926 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, February 20th. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

First Trust Preferred Securities and Income ETF Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.